When analyzing the changes on a spreadsheet used to prepare a statement of cash flows, the cash flows from investing activities generally affect:
A) Noncurrent liability and equity accounts.
B) Noncurrent assets.
C) Equity accounts only.
D) Net income, current assets, and current liabilities.
E) Both noncurrent assets and noncurrent liabilities.

Question

Quizplus · Accepted Answer

Cash flows from investing activities generally relate to transactions involving noncurrent assets, such as purchases or sales of long-term investments, property, plant and equipment, and intangible assets.

When Analyzing the Changes on a Spreadsheet Used to Prepare